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Search Results 0 to 23 of about 24 (some duplicates have been removed)
of defense, we talk about the post office and prepayments being made. there is one truism on both, o s the taxpayer is ultimately on the hook. yes. so it is not an issue is this just a quasi-government organization, both dod and you need prepayments. we're ultimately on the hook the taxpayer is. what concerns me in a time, admitted, mr. chairman your low liquidity. you're not really sure you can get down as low as two days later this year, at a time in which the discussions have been made and i have read about the board of governors and your role. you do believe you have a fiduciary duty in your role to the postal service and in your role, correct? >> mr. chairman, representative, yes. >> that means there's a trust. there's a trust with you and the board of governors not just strictly you but i believe with the postmaster general and others in this situation. what i keep hearing is, well we thought of and we're looking at that. we have a five-year plan that was many years ago. we have discussions that we want to do. we're exploring ideas. these are direct quotes from today, exploring h
of defense is currently spending $10 billion more conducting the war effort in afghanistan this year than was estimated would be necessary. from what we understand, in order to make up for this estimation the department of defense will have to pull from other funds from its base budget, which is difficult because of sequestration and the other long-term spending limits imposed by the budget control act of 2011. the problems with trying to budget and plan for a war a year in advance and how unforeseen costs can arise. at the same time a $10 billion is copulation is a little alarming. -- miss calculation is a little bit alarming. general, can you explain to us how that underestimation occurred? that we insidere u.s. forces in afghanistan under estimated $10 billion for our requirements for this year. i can assure you we have gone back and look at every dollar we have spent to make sure we have spent to good effect. we have significantly reduced the money we are spending in afghanistan. i will go back and take a look at where the projection came from and why we are in the position we are in
or if you do have a portfolio manager, look to manage it defensively. by that, either have a ladder portfolio so you can reinvest as rates go up, or, have a short duration where you have -- >> okay. >> set et et cetera to keep your maturity short. >> i want to squeeze in a tax question. we hear that the obama administration may want to put a cap on the tax exemption. is that another reason to clean up your portfolio now rather than wait? >> well, i don't know that it's another reason to clean up your portfolio, but it's certainly something to keep on the radar screen. you know, obviously, with everything that's going on in washington, everything is on the table. and with each one that comes out, there's a proposal that there would be a 28% cap on deductions so no one would be lower than the 28% tax bracket. that means you couldn't have all tax-free income that would put you in no tax bracket. in essence, that would be a tax on municipal bonds. mayors and governors are fighting this very, very aggressively. and each time they seem to get it out of the budget proposal and then a new b
suggested the united states would reduce our missile defense system in asia for exchange -- in exchange for chinese help with north korea. it seems to me even though we are being threatened by nuclear attack by the north korean government, first of all is that an accurate statement? if so, explain that if you would. >> no. not an accurate statement. i think it was corrected while i was over there. there was reporting to that effect. what i -- there was no offer, no deal, no contemplation of it. what i did say publicly and i'll say it again, is that the president took specific deployment steps of missile defense in direct response to north korea. and it stands to reason that if the north korean threat disappears, there would be a logical question of whether or not that same level of deployment is necessary. all i stated was a sort of fact based on the rationale of the deployment itself. >> do you think that the united states should give aid to north korea of some type to temper their saber rattling, which they seem to do, about this time every year? >> no. >> all right. thank you for tho
defense ministers have already begun consideration of the size and mission for a post-2014 force in afghanistan. one factor that will influence that decision is the size and capacity of the afghan security forces. in this regard, the recent decision by nato defense ministers to support maintaining the afghan security forces at the current 352,000 through 2018, rather than reducing the support to a level of 230,000, as previously planned, is the right thing to do. it sends an important signal of our continued commitment to a safe and secure afghanistan and make it feasible for us to have a smaller u.s. and coalition presence after 2014. the greatest challenge to afghanistan's security is not the taliban, but the pakistan- based sanctuaries for militant extremists, launching cross border attacks into afghanistan. pakistan has said it supports a stable and secure afghanistan. but its actions belie its words. the u.s.-pakistan relationship will not be normalized so long as those extremists safe havens exist on pakistani territory. another large challenge to a stable afghanistan is th
challenges in trimming the defense budget has this program is in some ways singular in terms of its cost overrides, it's delays in the way it's been structured to as a right and a piece, it's most effective defense advocate will not be all of its radars and sensors and missiles and stealth technology and ability to fly at superfast. it may be the way it's designed to avoid coverage in washington. >> german finance minister wolfgang schauble was in washingtwashingt on today. he said he expects the european economy to begin improving in 2014 lead at a slower rate than the united states in developing nations. mr. schauble is attending the g20 finance ministry meetings. from the council on foreign relations, this is an hour. [inaudible conversations] >> be careful. >> ladies and gentlemen i am carla hills. i'm cochair of the council on foreign relations and we are privileged indeed to have with us the honorable wolfgang schauble, a highly experienced german government official who is currently serving as minister of finance. you have his resume and we are running late so to maximize their t
of defense. we built a strengthened homeland security enterprise and a more secure america, better to face the challenges we face. the president'sle budget allows us to build on the progress by preserving core front line operations priorities. at the same time, given the current fiscal environment, this is the third straight year that our budget requests reflects a deduction from the previous year. our request is $800 million below the f.y. 2013 enacted budget. our mission has nod changed and we continue to face evolving threats. we've become more strategic how we use these resources. this is coupled with a unprecedented with a fiscal discipline that has led to $4 billion in cost reductions over the past four years in a process we call efficiency review. before i get to the nuts and bolts of the budget i want to talk about sequestration. >> excuse me. can i ask you to pause a little bit longer. if you could pause for a moment dub. we want to get this quarum ieve we have a .nd if i can find -- here we go i would like to take this opportunity to conduct a brief business meeting -- to consi
without using components made by potential adversaries, and i gave a talk at national defense university in washington three years ago, and they said, yeah, we kind of know that, but the defense contractors control congress, and nobody cares. okay, i'm not a defense guy. i'm talking to military officers. you guys worry about it. now, if you don't mind the idea of the u.s. being dependent for its defense on a hostile deck at a timer ship, go ahead. t somebody else about it, but that's part of free trade. other nations manage this stuff. the u.s. historically prior to the end of the cold war had controls on this stuff because we understood that you need descril base, not just for economic reasons, but also for security. now, interestingly enough, this ties back into american history because i mentioned al exapedder hamilton before. one of the reasons that he became a protectionist, and he was the lone economist among the founding fathers, the guy who turned this country in that direction. he talked to general washington and said, look, if we just have free trade in the new country pee put
at a cost of $12 billion. the official position of taiwan's ministry of national defense remains committed to procuring those submarines from the u.s. however, as the u.s. stopped making these diesel submarines many years ago, the sale has been stalled. i know we worked with france and some of our allies on this. could you advise what the current status of this submarines being acquired by taiwan is? and finally, you don't necessarily have to comment on this. if you'd like to you can, but former -- but the former president languishes today in a jail cell in taiwan. to me it smacks of the criminalization of politics. . stoot extent this administration communicates with the president i urge you to urge president mah to do the humanitarian thing, president chen's health is failing. i now yield to you, thank you. >> thank you, congressman. i appreciate it. i'll take that and just follow up on it. let me see what we can do about that. on burma, you are absolutely correct. there will be bumps in the road. i hope not big ones. obviously things are happening today that were unimaginable a few year
in this whole region has been through the department of defense, the military, defense contractors, shipbuilding, hundreds of years of history here building ships. we're the only place in the world that builds nuclear aircraft carriers and submarines and those kinds of vessels. the full range of maritime business. the report. hampton roads is probably the largest physical port. -- on the east coast of the u.s. the challenge is running a city like virginia beach are probably not a lot different than most every city in the country right now. that's all all changing relationships of federalism, the relationship between the state and federal government changing dramaticallymaking it much more difficult to finance the operation of cities to keep up with the needs in terms of part, and just the ongoing eds of the community for cultural, recreational, those kinds of activities. resources are getting harder and harder to find. and the competition for those resources is sharper than ever and it's a real balancing act to try to sort through that and come up with a program that will take us out through the
disarmament. the reaganites in the defense department were horrified by this and put a stop to it but reagan didn't go all the way with reaganism when he had a chance to end the cold war, especially the nuclear threats. so it's a hard-core republican belief. if you remember the pup pup prime -- republican primaries of 2012, it was not that long ago there were eight or ten republican candidates in simi valley for a debate at the reagan library and every one of them said reagan set the example how maring be strong, reagan did with the soviet union and we should do it today in iran, we should do it -- we were right toy trite in iraq. america should use its power to achieve its spend destroy its enemies. i worked in the cold war and in the middle east. you have 29% of the american people agree with that today. >> richard, do you want to say something? you're leaning forward. >> no. >> okay. we want to take questions from the audience if anybody has a question, and i think there's a microphone somewhere that someone is going to bring up. why don't we start right up here on the aisle, blue shirt.
government is increasingly held in such low regard by the american people. but for the left the defensive crouch at least makes sense. liberalism's main purpose today is to defend its past gains from conservative reform. but negativity on the right, to my mind, makes no sense at all. the left has created this false narrative that liberals are for things, and conservatives are against things. when we concede this narrative even just implicitly, we concede the debate before that debate even begins. and yet too many of us, elected conservatives especially, do it anyway. we take the bait. a liberal proposes an idea, we explain why it won't work, and we think we've won the debate at that moment. but even if we do, we reinforce at ivat i'm talking about; winning battles while we're losing the war at every step. this must be frustrating to the scholars of the heritage foundation who work every day producing new ideas, ideas about what conservatives can be for. but it should be even more frustrating to the conservatives around the country that we as elected conservatives were, in fact, elected to
to stop playing some defense with high-needing food stocks that can thrive, even when the global economy is in dire straits. take long-time cramer fave b & g foods, neglected brands from larger players, private equity firms, and bringing them back to it life. you might know b & g as pickles. b & g just reported last thursday and the company delivered an excellent quarter with in-line earnings and revenues that came in higher than expected, rising 8.8% year over year. we don't have a lot of companies in the food business that gained like that. meanwhile, the company raises for guidance, earnings before interest, taxes and depreciation and amortization. it jumped from $28 to $30 the next day and continuing to climb, $31.08 and 3.75% yield at these levels. b & g has given a 186% return since i initially recommended in october of 2010. the valuation may seem stretched with the stock trading at 19 times earnings. however, every time the stocks seem too expensive to own, they seem to go higher anyway. let's check in with the president of b & g foods and find out more about the quarter and wher
the overall challenges of trimming the defense budget. this program is in sularecause , delays, and the weight has been structured. -- weight has been structured. it's most defensive effective attribute may not be all of its radars and since ours -- sensors and missiles. it may well be the way it's been designed to evade budget cutters in washington. sunday at 8:00 on c-span q&a. >> earlier today postmaster general donahoe spoke at the national press club, speaking about postal reform ahe saturday delivery. here's what he had to say. >> congress faces a simple choice. give the organization the flexibility to operate more effectively. in case you're wondering what that cost might be, the cost of ,ropping up our broken model including resolving all the debts and the false we currently can't afford to pay, might be in the neighborhood of $58 billion trade that's just through 2017. it would be completely unnecessary. it may shock you to learn that the postal service could be profitable today, and in the long-term future. we just need to operate differently. i'm optimistic. i'm optimistic that cong
of the samsung galaxy preorders. in australia, defense sectors powered ahead and sensex now trading flat while the country is seen as a big beneficiary to the recent weakness in commodity prices. back to you. >> okay. thanks very much for that. turning our attention to european session as i mentioned just in the last couple minutes here we've turned sharply lower. a sell-off of 0.7 of 1%. decliners outpace advancers by 4 to 1 ratio. the market is scratching around for this particular sell-off. we're down almost three-quarters of 1%. italy down about 0.4 of 1%. presidential selection process will begin tomorrow. here's a look at the bond space to see if we see major moves to echo the concern we've seen across the equity space but not quite. look at spanish and italian debt, they are rallying. here's a look at what's happening across the space. sterling is weaker. we'll hear bank of england minutes out in just a couple minutes time. dollar/yen weakened this morning but not as much as you would expect given the sell-off across commodities. on cnbc.com, london's mayor boris johnson arguing that fa
challenges of terming the defense budget. this program is in someway singular in terms of its costs and delays in the way it has been structured. as i write in the piece, it's most effective defense attribute may not be all of its radars and sensors and missiles and stealth technology and ability to have -- it might be the design to evade budget covers from washington. washington post senior correspondent sunday at 8 p.m. on c-span's "q&a." >> secretary of state john kerry and mexican foreign secretary spoke to reporters following the meeting in washington. they expressed condolences for the people of boston. the two leaders met to discuss u.s.-mexico relations, immigration reform, and president obama's trip to mexico next month. >> good morning, everybody. before we begin, i want to just say that as a father and grandfather, my thoughts are of course in my hometown right now, boston, where events are still unfolding and the entire city is on lockdown. we are continuing to learn every moment about the attack on monday and the pursuit of justice following it. it is fair to say that t
to be said about what this bill does, but our point is that we believe in law enforcement as the best defense is a strong offense. there are so many provisions in this bill that would encourage or discourage illegal immigration, it would create the first choice in those who want to come to this country to work, to benefit their own lives and benefit this great country. that is to choose a pathway that is correct and legal. all those other provisions in this law are those that help with regard to a stronger border. >> thank you very much. the fmemayoof denver, colorado, currently serves as president and ceo of the hispanic chamber of commerce of metro denver. good to have you here, mr. mayor. >> thank you, mr. chairman, members of the committee. to there to lend support border security economic maturity. -- economic we send our present supports to our neighbors in texas and massachusetts and in solidarity with and with american that you try to make a better bet for your kitty. and the president and ceo of the hispanic chamber of commerce metro denver, an organization of over 2000 business memb
that we have provided by the department of defense. if that changes, we will have to look and see if we can accommodate that change, and if not, then we will have to say we have a requirement for resources. >> thank you very much, and i look forward to sitting down with you to look at the matrix that brought about such a change in three months, and let me just say, mr. secretary, i was not addressing the increased number of claims coming in the door, i was addressing the number of claims that are actually processed and determined, and that does not seem to be getting better. >> thank you. >> thank you, mr. chairman. i will try to ask two questions in too short a period of time. it's homelessness on the one hand, suicides on the other. how do you pick the tragedy, the worst tragedy? up to 22 suicides a day. you are making an enormous role in mental health, the experts and the support staff. it will take time to get that into the system and trained, too. how do you look at the general population, starting with ptsd, and as it gets into the mental health and terrifies themselves and raises
finance committee. the senate armed services committee will do an overview of defense authorization. chuck hagel will be at that as well as general martin dempsey, at that hearing. the house oversight and government reform committee is having a hearing on postal service insolvency. to find out when and where all of that will be airing, go to our website, c-span.org, for more details. chuck in massachusetts, a democrat. thought.ust a when you consider how 9/11 and brought the american public together, the last thing al qaeda would want to do would be to recreate that feeling of united ness. they like us divided. was shown as ait relatively easy, but they did in boston yesterday. like hawk-eye wanted to do something like that, they could do it relatively easily. i don't think they want to do it, because it would backfire on them. that's my thought. host: all right. that's the point of the show, to get everybody stopped and a variety of opinions this morning. one more story to give you before we go on to talk to two members of congress. poisonlope containing mailed to the senate this office,
of trimming the defense program. this program is singular in terms of its costs and the way as i write in d, the piece, the attribute may not bawl of the missiles and stealth technology and the ability to fight supersonic speed. it may be the way it is designed to avoid budget cutters in washington. on re on sunday at 8:00 c-span's "q&a." >> at a senate hearing to discuss the immigration bill this week. homeland security janet napolitano was scheduled to testify but was unable to do due to the ongoing investigation there. a member of the u.s. commission on civil rights as well as former c.b.o. director testified and discussed concerns and the benefits in the legislation. his is an hour and 40 minutes. >> the committee can come to order please. . apologize for the delay as you know there is a great .elay going on in massachusetts i hope everybody can well understand why the secretary napolitano will not be here. testimony. dule her -- hopefully senator feinstein won't mind me mentioning but she was saying and i agree on how proud we are on how law enforcement responded. i am distressed to h
-chair the board for kids in the defense. the issue is to provide legal counsel to children who are going through immigration removal process but have been separated from their parents, precisely the individuals the refer to. and as you mentioned, there has been an increase in this number in recent years. we are making heroic efforts across the country to the help of over 160 volunteer law firms, companies, law schools. over 5,200 lawyers. now volunteering their time to provide legal representation. as you point out, we have had clients as young as two years old. and a child who is two years old who does not have a lawyer and is not have a parent is basically defenseless when it comes to an incredibly important legal proceeding. and the bill before you does some very important focused things to help address this, as you pointed out. mandates the attorney-general said there can be legal counsel appointed. irresponsibility the work on this which makes perfect sense given that responsibility when need to continue to recruit more volunteer lawyers and are committed to doing that. at the passage of th
Search Results 0 to 23 of about 24 (some duplicates have been removed)

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